The Biden administration is contemplating a significant revamp in the approval process for large-scale natural gas export projects, with a focus on assessing their climate impact. This potential shift, reportedly under consideration by the Department of Energy, could lead to a pause in approving projects like CP2, a contentious gas export facility proposed for Louisiana.
As President Biden faces reelection, pressure mounts on environmental fronts. Proposed changes involve evaluating climate impacts comprehensively, updating considerations, and assessing the full life cycle effects of these projects. The move aims to align approvals with climate-conscious policies, resonating with young, climate-focused voters.
Natural gas, a vital part of the US fossil fuel industry, has seen increased exports, especially following geopolitical shifts. As the administration weighs potential changes, critics argue for a reevaluation of greenlighting projects like CP2, which could export 20 million tons of natural gas annually.
While the White House and the Department of Energy have not officially commented, the proposed overhaul signifies a response to environmental groups opposing the expansion of fossil fuel infrastructure. The reported plans have sparked a range of reactions, with some industry voices expressing concerns about global energy markets, while environmental groups applaud the potential move away from what they perceive as unchecked approval of gas export projects.
